The term that best represents the ownership of property is "Title." Title refers to the legal right to own, use, and transfer property. When someone holds a title to a property, it signifies that they have the authority to claim ownership and is often evidenced through a legal document.
While the term "Real estate" encompasses land and any structures attached to it, it does not specifically indicate ownership. "Deed" is a legal document that establishes property ownership but does not define ownership itself; it serves as the instrument through which a title is conveyed. A "Lease" refers to an agreement that allows someone to use a property temporarily under certain conditions but does not confer ownership rights.
Understanding the distinction between these terms is crucial in real estate, as they each play a different role in property transactions and ownership rights.